Residents Authorize Town To Exceed Levy Cap

Residents in the Town of Clay Banks authorized the town with a 14-0 vote during a special meeting Nov. 13 to exceed the state’s levy limit, as they had done the previous year.

State law allows electors in towns with a population of less than 3,000 to exceed the levy limit by adopting a resolution at a town meeting. The resolution approved in Clay Banks exceeded the town’s total allowable levy of $118,985 by $4,206 (3.535%). 

The town’s budget is going up $46,822.95 (23%) for next year, but the overall town tax levy included in the 2024 budget is remaining the same as the previous year – $123,191, as approved by the electors.

Town Clerk Jessica Bongle said the levy amount approved by electors was determined by how much money would be needed to cover budgeted expenditures minus the other revenues the town would receive for the year.

Following approval of the levy, the town board adopted the 2024 budget with expenditures and revenues of $250,418.61. The largest jump in expenses is the highway line item going up by more than $34,000 to $142,730.49. The next highest expenditure increase of nearly $11,000 is included in the $53,162.12 the town will pay in property taxes for fire protection as one of three municipalities that belongs to the Southern Door Fire Department (SDFD)